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To provide attractive and stable returns, primarily through quarterly dividends, by exposure to a diversified portfolio of real estate credit investments, predominantly comprising real estate loans and bonds, focusing in UK and Western Europe.
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Just baffling. I've scoured the latest updates, IMHO under 1% NAV is toast and tops 5% is dodgy. So ~20% discount?!? AYS EOY in UK tax sells? Or just free-floating LSE paranoia?
CD1. I've got a broad spread of ITs in my ISA all heading in the same direction at the moment. Year end tax considerations? In isolation and without director buying I would be more concerned. Window of opportunity perhaps?
Share price slide continues despite £10m buyback announced.
Is this a good top up opportunity? There have been continual Director buys over the last three years which is positive, but is concern over impairments outweighing here?
I've been buying to top up and getting under the bid price ... that doesn't happen often but I'll take it at over 10% yield..
Dazzle. It's not a fixed interest mutual fund. The divi is not guaranteed but seems fairly secure for now. The 3pps divi is what's credited to your ISA
Wait for results on Friday for that one. I hold a lot but the impairment reported need to be confirmed as a one off in the results.
I also have phnx on my radar, looks a good buy for dividends.
Yep that's it .. easy calculation is the take 2% off the annual rate. 7.88% yield would be useful benchmark. Some Trusts charge less and yield more but if you want property exposure it is limited.
Appreciate you replying, so soon deepjoy. I’m a little bit green and novice on the mutual funds and I’m researching on the best option to take. This 2% fee is this based on how much you have put in i.e. £10,000 and they charge £200
The fees aren't cheap 2% per annum...NAV reflects the underlying asset value not the Divi.
Hi guys.
Im looking to invest into reci into my stock isa i hold with interactive investor, can i ask those of you, what are the fees on this closed ended fixed income mutual fund, and when the divvy is paid is into your stock isa is there any cost reduced from the fund fees and or do you get the full 9.88% divvy yield at time of writting .. appreciate any info given.
Dazzle
Sorry should read
nearly a 10% yield
I have made 2 purchases this morning one for my wife one for myself .Both are shown as sells and I suspect a lot more of the sells are buys. I do find this annoying.
As far this stock goes I feel this is a very good buying opportunity nearly a 10% that looks safe as things stand. As always please do your research.
Encouraging to see director buys. I've added for 10% yield
I think it'd best put in the dusty "10-year" folder and compound the dividends.
Reflected in the permanent and relatively wide discount it has been trading at for a while. Difficult to see the situation changing anytime soon given the macro. SP more likely to test 120p than it is 130p against this backdrop.
It looks like the effect of high rates is finally hitting the portfolio; clearly the credit quality has deteriorated, especially in Europe.
Any thoughts on the slow drift down? With next move in interest rates down, I would expect a slow drift up.
there is an encouraging recent review from hardman & co dated august 30, 2023.
https://www.***************************/real-estate-credit-investments-why-cre-equity-worries-should-not-apply-to-reci/4121126605
i like these shares a lot. there is no suggestion that the 12p dividend is under any real threat and i believe there is a good chance that the current 12.5% discount to nav will reduce significantly.
Just purchased 8000 shares shown as a sell. Latest information from the company looks encouraging dividend should be held.
The situation reported below continues. I believe that many (if not all) of the sales shown this morning are actually buys.
Several recent sales are shown as 1.285. I am currently being quoted 1.285 to buy.
I believe some (if not all) of the sales shown this morning are actually buys. Most sales are shown as 1.284599. I am currently being quoted 1.284599 to buy.
Confident piece on the dividend from the Chairman today: https://1lo.co/34eyF
The 3p per quarter or 12p per year should hold because the latest result seem quite ok. If anything, I expect the future dividend to increase slightly going forward as the company's report said "the loan book has a short duration, allowing the Investment Company to recycle into new loans that have a yield pick up from (a) charging a higher risk premium reflecting the current environment and (b) reflecting the higher floating base rates into the loans. "
The current near 8% yield is very useful hedge against inflation. If you were lucky enough to have bought it in April for 142p you would have got some capital gain as well.
Next ex-dividend date 07/07/2022, payment date 29/07/2022.
Any thoughts as to whether the 3p divi will last into next fiscal, once the current commitment is over, or will it move back to the 7% average (from current 8.8%)?